Re: Email reply from Elmer
in response to
by
posted on
Nov 22, 2021 11:30AM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
All our projects need more studies, drilling
As long any deposit is still a project, not a mine, one can always do more drilling and more studies to advance it further. But one does not have to advance the project to the mine stage in order to sell it. A fair offer, based on the stage the project is at, can happen at any time.
We are relying on the increase price of copper not value creation.
Have you been reading the NRs for the past year of so? There was lots of value created and every work program on each property is doing just that, creating additional value.